Ethan Rhodes
Indian cardiac surgeon Devi Prasad Shetty is the chairman and founder of Narayana Health, also known as Narayana Hrudayalaya. Shetty and his family have a 75% stake in the company, which he took public in 2015. Shetty has pioneered low-cost heart surgeries and diagnostic services, with the inspiration to make healthcare facilities available to all at affordable prices. He has performed more than 100,000 heart operations and has won several accolades for his work in the healthcare sector, including the Padma Shri and Padma Bhushan awards.
| Characteristics | Values |
|---|---|
| Name | Devi Prasad Shetty |
| Profession | Cardiac Surgeon |
| Founder | Yes |
| Chairman | Yes |
| Executive Director | Yes |
| Net Worth | USD 1.4 Billion |
| Year founded | 2000 |
| Number of medical centers | 24-47 |
| Stake in Narayana Hrudayalaya | 75% |
| Awards | Padma Shri, Padma Bhushan, Dr. B C Roy National Award, Entrepreneur of the Year Award, Sir M. Visveswaraya Memorial Award, Citizen Extraordinaire Award, Outstanding Social Entrepreneurship Award, The President’s Award, Economic Times Entrepreneur of the Year, Indian of the Year Award, Lifetime Achievement Award |
Explore related products
What You'll Learn
Devi Shetty is the chairman and founder of Narayana Health
Dr. Devi Prasad Shetty is the chairman and founder of Narayana Health, a chain of medical centres in India offering affordable healthcare. Shetty is a cardiac surgeon with over 34 years of experience and has performed more than 100,000 heart operations. He was born in 1953 in a village in Karnataka's Dakshina Kannada district and decided to become a heart surgeon as a child after reading about the world's first heart transplant surgery. He completed his MBBS from the University of Mysore in 1978 and received a master's degree in surgery from the same university in 1982. He also has experience working as a surgeon in the UK and the US.
Shetty founded Narayana Health (also known as Narayana Hrudayalaya) in 2000 with the inspiration of Mother Teresa, aiming to make healthcare facilities available to all at affordable prices. The hospital chain provides substantial free care, especially for poor children, and offers low-cost diagnostic services. Shetty aims to reduce costs through various measures, such as purchasing cheaper scrubs and utilising cross-ventilation instead of air conditioning. This has allowed the hospital to significantly reduce the price of coronary bypass surgery.
Shetty and his family have a 75 percent stake in Narayana Health. He took the company public in 2015 and has since expanded the chain to 47 healthcare centres across India. In addition to his work with Narayana Health, Shetty has also been involved in designing micro-insurance programs, such as the Yeshasvini scheme in his home state of Karnataka. This scheme provides micro-health insurance to rural farmers.
Shetty has received numerous awards and honours for his contributions to the field of affordable healthcare. These include the Padma Shri and Padma Bhushan Awards, the third and fourth highest civilian awards in India, as well as the Dr. B C Roy National Award, the Entrepreneur of the Year Award, and the Lifetime Achievement Award. He has also been recognised by Time magazine as one of the "50 most influential people in healthcare".
East Cooper Hospital: A MUSCh-Needed Expansion?
You may want to see also
Explore related products
$18.93 $21.99
Shetty's family has a 75% stake in Narayana Hrudayalaya
Dr. Devi Prasad Shetty is an Indian cardiac surgeon who founded Narayana Health, a chain of healthcare centres in India. He is also the chairman and executive director of Narayana Hrudayalaya. With a net worth of USD 1.4 billion, Shetty and his family have a 75 percent stake in Narayana Hrudayalaya.
Narayana Health, founded in 2000, is one of India's largest hospital chains, with 24 to 47 medical centres across the country. The health centres provide substantial free care, especially for poor children, and aim to make healthcare facilities available to all at affordable prices. Shetty's inspiration for founding Narayana Hrudayalaya was Mother Teresa, who inspired him to work for the poor and make healthcare accessible.
Shetty aims to reduce the costs of heart surgeries in his hospitals by employing strategies such as buying cheaper scrubs and utilising cross-ventilation instead of air conditioning. By implementing these measures, he has significantly lowered the price of coronary bypass surgery. Additionally, he has eliminated many pre-operative tests and introduced innovative patient care approaches, such as training patients' family members to provide post-surgical care.
Shetty has received numerous accolades for his contributions to the field of affordable healthcare. In 2004, he was awarded the Padma Shri, the fourth-highest civilian award in India, and in 2012, he received the Padma Bhushan, the third-highest civilian award. He has also been recognised by Time magazine as one of the "50 most influential people in healthcare".
While Shetty and his family hold a significant stake in Narayana Hrudayalaya, it is worth noting that the company went public in 2015. As of 2019, Emmanuel Rupert serves as the MD and Group CEO of Narayana Health, with plans to expand its presence in various cities and establish a 1000-bed advanced specialty hospital in Kolkata.
Valet Parking at Hospitals: Should You Tip?
You may want to see also
Explore related products
Shetty's net worth is USD 1.4 billion
Devi Prasad Shetty, an Indian cardiac surgeon, is the chairman and founder of Narayana Health, a chain of 24 medical centers in India. Shetty has performed more than 100,000 heart operations and is known for his affordable healthcare approach. He was recognised for his contributions to the field of healthcare by the Government of India, receiving the Padma Shri award in 2004 and the Padma Bhushan award in 2012. In addition to his medical achievements, Shetty has a net worth of USD 1.4 billion, according to Forbes.
Shetty's inspiration for Narayana Health stemmed from Mother Teresa, as he aimed to work for the poor and make healthcare accessible and affordable for all. He founded Narayana Hrudayalaya in 2000, which has since expanded into one of India's largest hospital chains with 47 healthcare centres. Shetty and his family hold a 75 percent stake in Narayana Hrudayalaya, which he intends to maintain.
Shetty's hospitals are known for providing substantial free care, especially for underprivileged children. His innovative approach to heart surgeries has earned him the moniker "Henry Ford" in urban India, while rural Indians refer to him as "Bypasswale Baba". Shetty aims to reduce the costs of heart surgeries by utilising economies of scale, implementing cost-cutting measures such as purchasing cheaper scrubs and utilising cross-ventilation instead of air conditioning. As a result, the price of coronary bypass surgery has been significantly reduced to 95,000 rupees ($1,583), half the cost of two decades ago.
Shetty has also eliminated many pre-operative tests and revolutionised patient care. For instance, he involves and trains patients' family members to provide after-surgical care. In addition to his work at Narayana Health, Shetty was appointed chairman of the COVID-19 task force in Karnataka, although this decision was criticised by global health doctors due to his background in cardiac surgery rather than epidemiology.
Shetty's journey to becoming a heart surgeon began when he was a school student and learned about Christiaan Barnard's groundbreaking heart transplant surgery. After completing his MBBS in 1979 and postgraduate work in General Surgery, he went on to perform over 100,000 heart operations. His dedication to affordable and accessible healthcare has earned him recognition from Time magazine, which named him one of the "50 most influential people in healthcare".
Hospital Workers: Loan Forgiveness Eligibility
You may want to see also
Explore related products
Narayana Health has 24 medical centres in India
Narayana Health is a leading healthcare provider in India and one of the largest hospital groups in the country. The hospital chain was founded by Dr Devi Prasad Shetty, a cardiac surgeon who has performed over 100,000 heart operations. The group currently operates 24 medical centres in India, with a strong presence across 17 locations in the country. The first facility was established in Bengaluru, and Narayana Health now has 57 facilities with 5,442 operational beds. The group treats over 2.6 million patients every year from 78 countries, covering more than 30 medical specialties.
Narayana Health has expanded its presence in recent years, particularly in southern Karnataka and eastern India, with an emerging presence in the west and centre of the country. The group has also expanded overseas, with a hospital in the Cayman Islands, USA. Narayana Health has a strong focus on cardiology and cardiac surgery, with five heart centres and one of the largest children's heart health divisions in the country. The group also specialises in cancer care, neurology and neurosurgery, orthopaedics, nephrology and urology, gastroenterology and liver-related diseases, and obstetrics and gynaecology.
The hospitals aim to provide high-quality and affordable healthcare services by leveraging economies of scale, skilled doctors and an efficient business model. They have also pioneered low-cost diagnostic services and innovative patient care approaches, such as training patients' family members to administer after-surgical care. Narayana Health has also developed InsidER, a medical docu-drama series that reveals the realities of emergencies, and NEAR (Narayana Emergency Ambulance Response), a technology-driven programme that locates and dispatches the nearest ambulance team in emergencies.
Narayana Health is committed to making healthcare accessible to all and using technology to improve the efficiency and humanity of its services. The group has a strong presence in New Delhi, Gurgaon and Mumbai, with plans to establish a 1000-bed advanced specialty hospital in Kolkata.
Join the Fountain Valley Hospital Team: Application Tips
You may want to see also
Explore related products
Emmanuel Rupert is the current MD & Group CEO of Narayana Health
Indian cardiac surgeon Devi Prasad Shetty is the chairman and founder of Narayana Health, a chain of medical centres in India. Shetty and his family have a 75% stake in the company.
Shetty was born in 1953 in the village of Kinnigoli in Karnataka's Dakshina Kannada district. He decided to become a heart surgeon as a child after reading about the world's first heart transplant. He has performed over 100,000 heart operations and has won several awards for his work in the healthcare sector, including the Padma Shri and Padma Bhushan, the third and fourth highest civilian awards in India.
In 2019, Emmanuel Rupert became the MD & Group CEO of Narayana Health. He replaced Ashutosh Raghuvansha, who resigned in January of that year. Narayana Health has expanded under Rupert's leadership, increasing its presence in New Delhi, Gurgaon, and Mumbai by opening premium multi-specialty hospitals. The company also announced plans to establish a 1000-bed advanced specialty hospital in Kolkata in 2022.
Narayana Health, founded by Shetty in 2000, is one of India's largest hospital chains, with 24 to 47 healthcare centres. The company went public in 2015 and is known for its focus on affordable healthcare and substantial free care for poor children. Shetty has pioneered low-cost diagnostic services and innovative patient care approaches, such as training family members to administer post-surgical care. He has also received recognition for his work, including being named one of Time magazine's "50 most influential people in healthcare."
Finding Research Participants: Hospitals as a Source
You may want to see also
Frequently asked questions
Dr. Devi Prasad Shetty is the chairman and owner of Narayana Health, a chain of medical centres in India.
As of 2022, there are 24 hospitals under the Narayana Health network in India.
The main hospital of Narayana Health is located in Bengaluru, India.
Dr Devi Shetty has a net worth of USD 1.4 billion.
Dr Devi Shetty has won numerous awards, including the Padma Shri (2004), Padma Bhushan (2012), Dr. B C Roy National Award (2003), and the Lifetime Achievement Award by the Federation of Indian Chambers of Commerce and Industry.
